Directors of Information and Communication Technology (ICT) from universities, polytechnics, and colleges of education across Nigeria have raised concerns over poor infrastructure, funding constraints, and resistance to change, describing them …
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NIMASA Confirms 8-Year Loan Tenure, Single-Digit Interest for Cabotage Vessel Financing Fund
The Nigerian Maritime Administration and Safety Agency (NIMASA) has confirmed that the long-awaited Cabotage Vessel Financing Fund (CVFF) will be disbursed under an eight-year repayment plan with a single-digit interest …
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Custodian Investment Grows Profit by 133%, Pays ₦60.67bn Before Tax in 2024
Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from …
- Banking, Finance & InvestmentEconomyEnergyGOVERNMENTInfrastructureNigeria
Kebbi Govt, First Bank Partner on Industrialisation, Mining and Infrastructure
The Kebbi State Government has entered into a strategic partnership with First Bank Nigeria Plc. to boost industrialisation, mining, and infrastructure development in the state as part of its broader …
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FG Launches Reform Plan, Deploys Special Teams to Underperforming Discos
The Federal Government has begun a pilot programme to restructure underperforming electricity distribution companies (Discos) in a bid to overhaul Nigeria’s struggling power distribution sector. This marks the most decisive …
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Nigeria’s Leasing Sector Grew by 23% in 2024, Hits N5.17tn – ELAN
Nigeria’s leasing industry recorded a strong growth of 23.2 per cent in 2024, pushing the value of outstanding leases to N5.17 trillion, up from N4.19 trillion in 2023. This was …
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CBN Warns Nigerians Against Fake Contracts, Loans, and Grants
The Central Bank of Nigeria (CBN) has again warned the public to beware of fraudsters who are using its name to promote fake contracts, loans, and financial grants. In a …
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ECOWAS, World Bank Hold Workshop in Abuja to Improve Internet Access Across West Africa
The Economic Community of West African States (ECOWAS), in partnership with the World Bank-funded West Africa Regional Digital Integration Project (WARDIP), has started a two-day technical workshop aimed at improving …
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Nigeria Records Fastest Economic Growth in 10 Years, Says World Bank, But Inflation Still a Big Problem
The World Bank has revealed that Nigeria’s economy grew at its fastest rate in almost 10 years in 2024, driven by strong performance in the fourth quarter and better management …
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Kenya Moves to Cut Budget Deficit, Eyes Fresh IMF Talks Amid Economic Pressure
The Kenyan government has announced that it will reduce its fiscal deficit to 4.5 percent of its Gross Domestic Product (GDP) for the 2025/2026 financial year. This is a step …